Ratio Analysis Use the following industry average ratios to construct a pro-forma statement of Financial Position (Balance Sheet) for Lascu Distribution Ltd. Total Asset Turnover 2 times Average Collection Period (Assume 365 days) 9 days Fixed Asset Turnover 5 times Inventory Turnover 3 times Current Ratio 2 times Sales (all credit) $4.0 million Cost of Sales 75% of sales Debt Ratio 50% You will need to find 1. Total Assets 5. Cash 2. Net Fixed Assets 6. current Liabilities 3. Inventory 7. Common Equity 4. Accounts Receivables 8. Long-term debt 9. Total debt Q Equity